NEW YORK (TheStreet) -- Shares of Chevron (CVX) - Get Report  are down by 2.2% to $75.98 in afternoon trading on Monday, as falling crude prices negatively affect the oil sector today.

Fluctuating U.S. equity prices, as well as weak economic data out of China is causing crude prices to fall today.

Also hurting oil prices today are comments from New York Federal Reserve President William Dudley suggesting that the U.S. Federal Reserve could raise interest rates sometime this year.

Industry standard Brent crude for November delivery is down by 2.51% to $47.38 per barrel while West Texas crude for November delivery is down by 2.63% to $44.50 per barrel.

Oil prices have more than halved over the past 12 months as oversupply concerns have continued to cause oil prices to fall.

Demand concerns have also depressed prices as China, the world's second largest oil consumer, reported that industrial profits fell at its fastest rate in four years.

Separately, TheStreet Ratings team rates CHEVRON CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

We rate CHEVRON CORP (CVX) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • CVX's debt-to-equity ratio is very low at 0.21 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.01, which illustrates the ability to avoid short-term cash problems.
  • CVX, with its decline in revenue, slightly underperformed the industry average of 34.6%. Since the same quarter one year prior, revenues fell by 34.8%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. In comparison to the other companies in the Oil, Gas & Consumable Fuels industry and the overall market, CHEVRON CORP's return on equity is significantly below that of the industry average and is below that of the S&P 500.
  • The gross profit margin for CHEVRON CORP is rather low; currently it is at 20.59%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 1.63% trails that of the industry average.
  • You can view the full analysis from the report here: CVX